Vick files Chapter 11
July 8, 2008
Vick is filing bankruptcy. The largest 7 creditors show $12.8 million in debt, and that’s just the biggest ones.
Recall: This was at one point the highest paid player in the NFL. That also brings millions more in sponsorship dollars from companies across the board: Reebok, Nike, Rawlings, Coca-Cola, Kraft, Sprint, Motorola, Home Depot, Wendy’s, AirTran.
Vick was sentenced in December of 2007 and 7 or 8 months later…bankrupt. This may be his biggest punishment not just because of the amount, but because this punishment wasn’t handed down by someone else – it is a result of his own choices.
Someone with millions and millions should be able to make it 8 months without filing bankruptcy. Kharma will get you every time.
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